Oil: Etoudi authorizes Tower to transfer 42.5% of Thali to Prime, with 8.65 billion FCFA to invest

Tower Resources has received presidential approval to transfer 42.5% of the offshore Thali oil permit to Prime Global Energies, along with an extension of the exploration period. Prime will invest approximately 8.65 billion FCFA (about 15 million USD) to fund the drilling of well NJOM-3. The process is not yet complete, as the Minmidt is preparing the extension decree and the formal approval letter.